The Latest Breaking News from National Debt

Trump has set a July 4 deadline for bill, which extends tax cuts, slashes social safety nets and surges national debt.

Over a decade, the bill would add at least $3.3 trillion to the national debt, according to the Congressional Budget Office

Donald Trump’s budget bill faces Republican discord in Senate, where some lawmakers reject increase to US national debt.

Reagan's budget chief warns that the One Big Beautiful Bill Act could balloon the national debt to $60 trillion, risking a catastrophic bond market crisis.

Republicans argue that growth is the best way to rebalance America’s books, but economists fear that tax cuts may be the final nail in the coffin for national debt.

Few words spark more anxiety in public debate than “national debt” and “government deficit.” National debt is the total amount of money the government owes, accumulated over years of running deficits. Government deficit is when the government spends more money than it collects in taxes and other revenues.

Prominent US senators warn Trump to ‘get serious’ about addressing budget deficit or they will block ‘beautiful bill’

Higher debt means lower wages, higher interest rates, and fewer opportunities, says Romina Boccia of the Cato Institute.

It’s no secret the national debt is on an unsustainable path.